Articles
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A recent Media Intelligence Group (MIG) report on public sentiment regarding the US economy reveals a nation split along partisan lines. Supporters praise the administration for allegedly reducing unemployment and achieving GDP growth. But critics blame Biden for rising inflation and interest rates that threaten the middle class.
One sentiment that crosses the political divide is that many people feel their financial situations are becoming strained in the current economy. The report highlights Americans worries about the impact of continuously climbing interest rates on mortgages and car loans.
Today auto loan defaults are surging, and mortgage rates hover around 7.5%. Households are struggling with the higher threshold for borrowing. Despite the administration touting positive economic indicators like a 4.9% GDP growth in Q3 2022, many of the voting population still express fear and uncertainty. MIG data shows that Joe Biden's approval rating dropped to a concerning 35% during the second week of October.
Biden critics point to inflation reducing real incomes and an accumulating public debt burden as indicators of economic mismanagement. But Biden supporters credit policies like the Inflation Reduction Act for spurring investment and job creation. In general, sentiment appears aligned with political affiliations but the overall sentiment towards the economy in 2023 is negative.
31
Oct
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President Biden's upcoming executive order on artificial intelligence has sparked divided public opinions. Some welcome potential regulations but a large part of the public is skeptical of this administration leading the way on controlling technological innovation.
Media Intelligence Group (MIG) reports show those in favor of an executive order are concerned about the unchecked growth of AI and dangers of algorithms making biased decisions. "AI clearly needs oversight to prevent misuse," said policy analyst John Smith. "This order seems a reasonable first step." Groups like the Public Interest Research Group back guidelines for AI development and auditing algorithms for discrimination.
However, many average voters seem to believe the order represents government overreach. While most people seem to express potential dangers and fears around the power of AI, many are not convinced government regulation is the best solution.
There is a widespread appreciation for the conveniences and advancements that technology provides. However, even developers of these new technologies fear powerful algorithms will soon have too much power and influence, particularly over information and privacy.
Another point of considerable discussion is about the role of big tech in spreading misinformation. Some argue that freedom of speech doesn't protect the right to spread harmful misinformation. However, many others worry about the use of AI to aid in censorship from tech companies.
Many people, across political divides, express growing concerns for platforms like TikTok, fearing its ties to the Chinese Communist Party and the potential for data exploitation and propaganda. This has led to calls for bans or stricter regulations on such platforms.
Overall, there's a clear agreement around the potential dangers of big tech and AI. However, balancing innovation, freedom of speech, and safety are contentious subjects of debate.
30
Oct